UPDATE: Deutsche Bank Color on SuccessFactors Target Increase

Deutsche Bank, which raised its PT on shares of SuccessFactors SFSF, is providing some color on the stock. “We returned from the recent user group event with high conviction around momentum with new customers, greater usage of existing modules and view learning as having the highest up-sell opportunity amongst product set,” Deutsche Bank writes. “Recent enhancements in Employee Central helps better positioning in 2011/12. The company's focus in strengthening channel and introducing product based sales teams adds depth, boosting execution. We view recent market pullback as an attractive buying opportunity.” SuccessFactors closed Friday at $34.29.